Adaptive Parabolic SAR (PSAR) [Loxx]

Adaptive Parabolic SAR (PSAR) is an advanced Parabolic SAR with adaptive adjustments using either a Kaufman or an Ehlers smoothing algorithms.

What is the Parabolic SAR?
The parabolic SAR attempts to give traders an edge by highlighting the direction an asset is moving, as well as providing entry and exit points. In this article, we'll look at the basics of this indicator and show you how you can incorporate it into your trading strategy. We'll also look at some of the drawbacks of the indicator.

The parabolic SAR is a technical indicator used to determine the price direction of an asset, as well as draw attention to when the price direction is changing. Sometimes known as the "stop and reversal system," the parabolic SAR was developed by J. Welles Wilder Jr., creator of the relative strength index (RSI).1

On a chart, the indicator appears as a series of dots placed either above or below the price bars. A dot below the price is deemed to be a bullish signal. Conversely, a dot above the price is used to illustrate that the bears are in control and that the momentum is likely to remain downward. When the dots flip, it indicates that a potential change in price direction is under way. For example, if the dots are above the price, when they flip below the price, it could signal a further rise in price.

Additional Options

• Toggle signals on/off
  
• HiLo mode
  
• Kaufman adaptive, Ehlers adaptive, or non adaptive
  
• Filter by Pips
  
• Minimum Change by Pips
  
• Color bars
  

Enjoy!

Versionshinweise:

Updated pip cutoffs and filters

Versionshinweise:

Updated to handle JPY and other assets on pip filters.